Reinsurers sound bullish note for 1.1 on Bernd and climate change
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Reinsurers sound bullish note for 1.1 on Bernd and climate change

Rachel Dalton
25 October 2021
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
GERMANY-WEATHER-FLOODS-STORMS
AFP via Getty Images

Reinsurance market sources are predicting increases of 5%-10% on clean European cat programmes and 20%-30% rate hikes on loss-hit covers, as reinsurers cite Bernd flooding as an indication of the increasing cost of climate change on the continent.

Discussions at and around this year’s Baden Baden conference centred on how the impact of Bernd should be spread among cedants, as well as the still ongoing issue of unresolved disputes over how 2020 treaties should respond to Covid-19...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

AnalysisNews
rachel dalton 2024 ii red 2.png
Rachel Dalton
Lead Reporter
Contact
Gift this article